Korean PM wants Samsung chief back ASAP, dismisses ‘narrow-minded’ critics

Kim Bu-gyeom, the incumbent Prime Minister of South Korea, wants to see Samsung chief Lee Jae-yong back in his seat as soon as possible. He openly said as much today in a statement given to the Financial Times. With the main implication being that any regulations standing in the way of Lee taking back the […]

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BREAKING: Samsung boss Lee Jae-yong granted parole, will be released on Friday

Samsung Group’s leader, Lee Jae-yong, was sent to jail a few months ago on bribery charges. However, it was being speculated that he may be pardoned by the South Korean president sometime in August. Now, it is being reported that Lee has been granted parole, which means that he will soon be released from jail. Lee […]

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Surprised? Korean activists oppose Samsung leader’s parole release

More than 1,000 civic rights and labor protection groups in South Korea have jointly opposed the potential early prison release of Samsung Group chairman Lee Jae-yong. The possibility of his parole has already been the subject of much speculation in the country since last month, leading up to today’s press conference where various activists were […]

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Samsung’s Lee Jae-yong could be released from prison on parole in August

Samsung Electronics vice chairman Lee Jae-yong could soon be released from prison on parole. The local media reports that Lee has been placed on a list of candidates for parole on August 15, which happens to be Korea’s Independence Day. However, the fact that the vice chairman made the parole list doesn’t necessarily guarantee his […]

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President Moon is undecided as to whether he should pardon Lee Jae-yong

South Korean President Moon Jae-in and the chiefs of Samsung, LG, Hyundai, and SK met earlier today to discuss business strategies following Moon’s meeting with US President Joe Biden last month. As revealed yesterday, another topic of conversation was the release of Samsung heir Lee Jae-yong from prison, and President Moon replied. The idea of […]

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Is the Korean president about to let the Samsung heir out of jail?

Samsung vice chairman and heir to the conglomerate Lee Jae-yong is serving out a 2.5 year sentence in jail. He decided against appealing the sentence. So unless he’s given some relief by the country’s president, he’ll remain in prison. There are growing calls in South Korea for Lee Jae-yong to be pardoned. From business leaders […]

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The majority of South Koreans support the idea of pardoning Lee Jae-yong

A survey conducted by four polling companies in South Korea has revealed that the majority of South Koreans support the idea of pardoning Samsung’s heir, Lee Jae-yong. At the beginning of the year, Samsung Group’s de facto leader was sentenced to two and a half years on account of a bribery case. In recent weeks, however, […]

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Samsung heir Lee Jae-yong is now the richest person in South Korea

South Korea is home to some of the biggest companies on the planet. With immensely successful businesses come immensely wealthy people. Entrepreneurs who make bold business decisions and then reap the benefits. Samsung is South Korea’s best export. It’s one of the world’s leading technology companies. The conglomerate also has interests in dozens of other […]

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Business leaders want Lee Jae-yong out of prison for South Korea’s future

South Korea’s most prominent business investors are reportedly lobbying for the release of Samsung’s imprisoned de facto leader Lee Jae-yong. The country’s major business lobby groups have reportedly sent a letter to Cheong Wa Dae — a.k.a. the Blue House / official presidential residence — in which they’re petitioning for Lee Jae-yong’s pardon. Lee Jae-yong was sentenced […]

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Samsung heir is reportedly looking to secure a ~$450 million loan for taxes

Samsung Electronics vice chairman Lee Jae-yong is expected to reveal the details of his inheritance this week, and fresh reports from the local media suggest that the heir is looking to finance the inheritance tax with bank loans. The late Samsung chairman Lee Kun-hee left a fortune in stocks and assets behind when he passed […]

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Buddhist monks in Korea request for leniency on jailed Samsung vice chairman

Samsung’s vice chairman Lee Jae-yong was sentenced to 2.5 years in prison earlier this year. He was found guilty of bribing an associate of former South Korean president to force the merger of Cheil Industries and Samsung C&T, which allowed him to take control of Samsung Electronics. While Lee isn’t interested in getting out of […]

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Samsung heir could be pardoned as semiconductor supply issues continue

The ongoing global shortage of semiconductors is causing supply problems across a wide variety of industries. Some car manufacturers have been forced to halt production due to parts unavailability, and with both the USA and China trying to become the world’s greatest semiconductor hub, Samsung Electronics is reportedly feeling pressure from both sides. The company […]

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With its leader in jail, Samsung finds itself in a state of crisis

Running a massive conglomerate isn’t easy and definitely not something that can be done from jail. Samsung vice chairman and de-facto leader Lee Jae-yong has been imprisoned since January. He won’t seek an appeal of the ruling, meaning that he intends to serve out his entire two-and-a-half-year sentence. Lee’s approval is necessary for major business […]

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What Lee’s imprisonment means for Samsung: two crises at once

A 30-month prison sentence for Samsung Group Chairman Lee Jae-yong forced the South Korean conglomerate into another crisis. And as if that wasn’t bad enough, the timing of this ordeal means its consequences could be amplified by another crisis which the company has been navigating since early 2020. That would be the COVID-19 thingy; you probably […]

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BREAKING: Samsung heir Lee Jae-yong sentenced to 2.5 years in prison for bribery

Samsung heir Lee Jae-yong has been sentenced to 2.5 of jail for bribery. An appellate court in South Korea announced the sentence after a long trial, which also involved former President Park Geun-hye. Lee’s imprisonment comes as a huge shock to the electronics giant and will create a leadership vacuum. Lee was facing legal charges for […]

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Samsung boss stresses importance of integrated design in future strategy meeting

After the death of Samsung chairman Lee Kun-hee last month, the company’s heir Lee Jae-yong has resumed his work. He held a design strategy meeting yesterday and stressed the importance of an integrated design. This is the first time that high-ranking executives from all the important Samsung business units have attended a common meeting. The […]

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Samsung heir Lee Jae-Yong returns after meeting Dutch chipmaking equipment firm

Samsung Electronics Vice Chairman, Lee Jae-Yong, had travelled to the Netherlands to meet the top officials of ASML Holding N.V., which is the world’s leading firm in the photolithography segment. The company makes critical components and equipment that are required to manufacture semiconductor chips.  Lee has now returned to South Korea after the important meeting. Lee […]

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